I sometimes get proxy solicitations for stock that I have.
If I do not return the form and do not vote, what happens to my voting rights? Does somebody else get them?
For example, lets say a company has 1 million shares and 400,000 give a proxy vote to the management for election of directors, and 100,000 stockholders vote their shares for somebody else. Now nobody has an explicit majority. Does management win because they have a plurality of votes, or does management get to vote the 500,000 abstaining shares?